Iron Oxide Pigment Market Size, Share & Trends Report

Iron Oxide Pigment Market Size, Share & Trends Analysis Report By Product (Synthetic, Natural), By Color (Red, Yellow, Black, Blends), By Application (Construction, Coatings, Plastics, Paper), And Segment Forecasts, 2014-2024

  • Published Date: Sep, 2016
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-057-6
  • Format: Electronic (PDF)
  • Historical Data: 2013-2015
  • Number of Pages: 180

Report Overview

The global iron oxide pigment market size was USD 1.83 billion in 2015. Growing demand in construction, paint, and plastic industries has urged the iron oxide manufacturing companies to increase their investment in this market.

The growing construction industry in Asia Pacific and the Middle East are anticipated to drive market growth over the next eight years. Favorable government regulations regarding environmentally friendly products coupled with technological advancements are expected to have a positive impact on market growth.

U.S. iron oxide pigment market

Major chemical manufacturers such as Lanxess and BASF SE have shifted their preference towards utilizing improved technologies for manufacturing high-quality pigments by following proper standards. The aforementioned factor is anticipated to have a positive influence on the companies for developing different colors of both synthetic and natural products.

The raw materials used for synthetic product manufacturing include nitrobenzene and cast iron. The increasing application scope of nitrobenzene in other industries, as an intermediate to manufacture pesticides, polishes, solvents, dyes, anti-odor agent, lubricant, and synthetic rubber is anticipated to increase price of nitrobenzene for manufacturing iron oxide pigment.

Red iron oxide pigments demand was 619.2 kilotons in 2015. High demand for coatings with decorative properties in buildings and transportation infrastructure has led to largest penetration of the red iron oxide pigments in various industries. Change in consumer preferences towards more vivid colors has steered R&D investment for various applications of iron oxide pigments.

Iron oxide pigment in coatings is anticipated to account for 26.6% of the global market volume share by 2024. Rising disposable income and growing population have resulted in high automobile demand in the region. As automotive coatings are a major application for the market, rise in automobile demand is presumed to complement growth and development in the near future.

Iron oxide pigments are one of the most prominently used inorganic pigments and are known for their low reactivity, higher temperature stability, superior tinting strength, and low toxicity. The construction industry segment accounts for the largest share of the global iron oxide pigments market on account of increasing infrastructure development projects in the APAC region. Major players using iron oxide pigments in their product include Lanxess and Davis Color.

Product Insights

The industries consists of both natural and synthetic products and are used in wide range of applications including construction, plastics, coating, ceramics, ink, rubber, and cosmetics.

The synthetic iron oxide pigment was the largest product segment in 2015, owing to its excellent purity and quality level. The natural product is anticipated to witness the fastest growth over the next eight years, owing to their low price and abundance.

The products are manufactured through different chemical processes that include precipitation, calcination, Laux, and Penniman process. The rising technological advancements coupled with increasing demand for environmentally friendly products are anticipated to alter the current manufacturing process.

Color Insights

The iron oxide pigment market consists of different colors of pigments that include red, yellow, black, orange, and brown. The red iron oxide pigment is widely used and has the greatest demand compared to others.

Laux process is the most important process for manufacturing red iron oxide pigment, and there is a need for improving technologies in this process, which allows few prominent players to dominate the market.

The iron oxide pigments are widely used in the plastic industry, which brings color to a variety of plastic products, such as food packaging, vinyl sidings, home computers, auto parts and fenders, soda bottles, and toys. The yellow iron oxide is a stabilized zinc ferrite and is used in all engineering plastics including acrylonitrile butadiene styrene and polyamide.

Application Insights

Iron oxide pigments are found naturally in the ores and are produced synthetically, which are used as colorants in many industrial purposes that include construction, plastic, coating, paint, paper, and others.

The construction and paint industries together hold one-third of the global demand with arising requirement for blends in these application segments. Construction materials were the largest application segment in 2015, with a high product demand particularly in concrete blocks.

Global iron oxide pigments market

The paint & coating application segment is anticipated to witness the fastest growth over the forecast period. Iron oxide pigments in paint applications are required to optimize coloring effects and to maintain paint film strength. 

Regional Insights

Asia Pacific dominated the global iron oxide pigment market and accounted for 40.7% of the industry in 2015 owing to growing infrastructure and rapid industrialization, particularly in countries such as China and India.

Europe is anticipated to witness steady growth over the next eight years owing to the declining infrastructure activities. The iron oxide pigment industry in the Middle East & Africa is anticipated to grow at a significant rate owing to increasing construction projects mainly in Nigeria, Saudi Arabia, and Qatar.

Key Companies & Market Share Insights

Major players operating in the global market include Applied Minerals Inc, LANXESS AG, Cathay Industries, Huntsman Corporation, Hunan Three-Ring Pigments Co. Ltd, Kronos Worldwide, BASF SE, Jiangsu Yuxing Industry & Trade Co., Ltd, Titan Kogyo, Ltd, and Kolorjet Chemicals Pvt Ltd. 

Iron Oxide Pigment Market Report Scope

Report Attribute


Market size value in 2020

USD 2.19 billion

Revenue forecast in 2024

USD 2.67 billion

Growth Rate

CAGR of 3.7% from 2016 to 2024

Base year for estimation


Historical data

2013 - 2015

Forecast period

2016 - 2024

Quantitative units

Revenue in USD billion and CAGR from 2016 to 2024

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Segments covered

Product, color, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

The U.S.; Canada; Mexico; Germany; UK; China; India

Key companies profiled

Applied Minerals Inc; LANXESS AG; Cathay Industries; Huntsman Corporation; Hunan Three-Ring Pigments Co. Ltd; Kronos Worldwide; BASF SE; Jiangsu Yuxing Industry & Trade Co.; Ltd; Titan Kogyo, Ltd; Kolorjet Chemicals Pvt Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Frequently Asked Questions About This Report

Pricing & Purchase Options

Service Guarantee

  • Insured Buying

    This report has a service guarantee. We stand by our report quality.

  • Confidentiality

    We are in compliance with GDPR & CCPR norms. All interactions are confidential.

  • Custom research service

    Design an exclusive study to serve your research needs.

  • 24/5 Research support

    Get your queries resolved from an industry expert.

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities